Bankruptcy Can Clear Most But Not All Loans and Debts

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Bankruptcy is an option when you find yourself drowning in a sea of debt but  talk to an experienced bankruptcy attorney about how it will affect your future because there are certain kinds of debt that can be discharged and other kinds that cannot. 

In bankruptcy many debts are dischargeable (forgiven) but some debts are non-dischargeable (still follow you). In general, debts that are most often dischargeable include: utility bills, vehicle loans, vehicle leases, rent that hasn’t been paid, debt in collections, medical bills, some tax debt, ...

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Seven Tips for Selling a Business

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(1)  First, realize what acquirers are looking for. People buy companies for a number of different reasons, and if you can figure out what your buyer wants, you can position yourself to your advantage. Then (2),  Know that it’s a long process. A long process can put your business in serious trouble if you concentrate all your energy on pushing the sale through, rather than maintaining and growing your company.  After that (3),  Get as many bidders involved as possible. ...

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Bankruptcy Before or After House Foreclosure?

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Bankruptcy Before House Foreclosure? When deciding whether to file for bankruptcy before or after a house foreclosure, always choose before. If nothing else, filing for bankruptcy before a house foreclosure, especially with the proper use of Chapter 13, can help retain control over the home for a longer period of time, thus reducing the stress and anxiety of being displaced and Chapter 13 might even derail the house foreclosure altogether, get rid of liens and keep you in the home!  ...

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